Petroreconcavo Third Quarter 2024 Earnings: Revenues Beat Expectations

Petroreconcavo (BVMF:RECV3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$850.2m (up 14% from 3Q 2023).
• Net income: R$158.8m (up 9.5% from 3Q 2023).
• Profit margin: 19% (in line with 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Petroreconcavo Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.2%.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Oil and Gas industry in Brazil.

Performance of the Brazilian Oil and Gas industry.

The company's shares are up 6.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Petroreconcavo that you should be aware of.

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